Fabric Price

FABRIC is a synthetic asset issuance protocol that will allow users to gain exposure to a variety of asset classes otherwise unavailable on the Solana network.

Built on the ultra-fast Solana ecosystem, FABRIC will allow users to mint, exchange and burn SPL Synthetic assets such as f-Uranium (fURA), synthetic tokenized Uranium, and f-Gold (fGOLD), synthetic tokenized Gold based on prices provided by a decentralized system of oracles.

All synthetic assets are collateralized by FABRIC tokens (FAB) which must be locked into the FABRIC debt pool to allow users to mint synthetic assets. As a result, users interact directly with the debt pool during trades. This means that no counterparties are required for trades whilst also mitigating common issues experienced on exchanges such as low liquidity or slippage.

The FABRIC team is taking multiple routes to engage with liquidity providers and attract users to the FABRIC ecosystem. These include: Multi-collateral support (supporting major wrapped tokens). Proven by FTX to attract users at least in the CEX realm. Wide range of SPL Synthetics, starting with fGOLD and fURA (expanding to other commodities, forex, index and inverse synthetics). Powered by Solana. Extremely cheap fees and high transactions-per-second. FABRIC aims to include fiat currencies, cryptocurrencies, commodities, and inverse indexes. In principle, the FABRIC protocol can support any asset with a price providing on-chain exposure to an unlimited range of real-world assets.